Rumors regarding Hanjin’s stake at POLB

Reports indicate that Korea Line Corporation (part of the SM Group) has withdrawn its bid for Hanjin’s stake in the Port of Long Beach. News on the street says that the company decided to pull out due to a reaction to recent reports that combined bids may be made for Hanjin’s 54% stake in the port. Other shipping lines said to be rumored at looking at the port operations are ... [+]

Port of Virginia Updates Policies, Processes for Handling Hanjin, CKYHE Cargo

In light of the recent bankruptcy filing by Hanjin Shipping, The Port of Virginia has updated its policies and processes regarding the movement and loading of Hanjin vessels and containers. The following policy is effective as of Sept. 1, 2016: The port will not load any cargo from Cosco Container Lines, "K" ... [+]

Possible East-West Alliance Could Encompass 18% of World Container Fleet Capacity

Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East/Persian Gulf/Red Sea. A binding agreement has been concluded by all partners ... [+]

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